1930-S $20 MS65 PCGS. CAC....
Bid InformationFor your convenience, the bid information on this page automatically refreshes with the most up to date data so you don't have to refresh/reload this page.
Minimum Next BidBid increments determine the lowest amount you may bid on a particular lot. Normally, bids must be at least one bidding increment over the Current Bid. However, podium, fax, phone and mail bidders submit bids at various times without knowing the current bid and must be on-increment or at a half increment (called a Cut Bid). Any podium, fax, phone, or mail bids that do not conform to a full or half increment will be rounded up or down to the nearest full or half increment.
Internet bids are required only to bid the increment past the Current Bid, or more. Internet bids greater than one increment over the Current Bid can be any whole dollar amount.
It is possible under several circumstances for winning bids to be between increments. It is also possible for an existing bid to be outbid by less than a full increment, sometimes by only $1. This usually happens when two bidders feel that a lot is worth about the same amount, but one places an off-increment bid. Generally when this happens, the Current Bid was much lower than the high secret maximum bid when the off-increment bidder placed his bid.
For example: On Tuesday, you bid $1500 against Bidder A's Maximum Bid of $1000, raising Current Bid to $1100. Then on Thursday, Bidder B, seeing a Current Bid of $1100, guesses the final price and decides to bid $1501, outbidding your Maximum Bid by $1. You would now have to bid $1600 through Heritage Internet bidding or $1550 on Heritage Live (if available for the auction) to possibly win that lot. Next time, maybe you'll bid $1502 and outbid Bidder B by $1!
Number of BiddersThis number represents the number of individual bidders prior to the close of Internet bidding on each lot. An individual who bids more than once is still counted only once. During the live session, only the winning bidder is included in this number, although detailed records are kept of all forms of bids.
Although many lots will not get reserves, this signifies that we have not yet posted any reserves to this entire auction. Reserves are usually posted approximately 3 days prior to the closing for Internet-only auctions, and approximately 7 days prior to the live session for Signature auctions. At that point, any unmet Reserve will become both the price shown (with an asterisk) and the Minimum Next Bid, regardless of any previous bids.
Although the consignor's agreement allows a reserve on this lot, the deadline for submitting such a reserve has elapsed. If consignor submits a reserve post-deadline and the item fails to meet that reserve, we may charge the consignor a higher reserve fee.
This lot is being sold without a consignor reserve. (Note: By law, consignors may still bid under certain conditions, but they are responsible for paying the full Buyer's Premium and Seller's Commission if they do.)
A reserve has been posted on this lot, but no bids have met the reserve. The current bid has been set to the reserve amount, and the next bid will meet the reserve.
Reserves have been posted for this auction, and there is a reserve on this lot that has already been met.
Lots bearing estimates and without Consignor Reserve shall open at Auctioneer's discretion (usually 25% to 60% of the low estimate).
What's This?The owner of this item has indicated that they would sell this item at the amount, although their acceptance of your offer is required before the item can be purchased.
BP - Buyer's Premium per LotA Buyer's Premium will be added to each successful bid. For this sale: 15% of the successful bid (minimum $14) per lot. Please see #2 in our Terms & Conditions.
Not SoldThis indicates an item that did not sell at auction because it did not receive bids equal to or greater than the reserve (minimum bid) amount set by the consignor, or the opening bid.
Opening Bid:Lots bearing estimates and without Consignor Reserve shall open at Auctioneer's discretion (usually 25% to 60% of the low estimate).
Extended Payment Plan
Available on select items as noted on the item page in the bidding area.
- Minimum invoice total is $2,500.
- Subject to a refundable 3% set-up fee, which will be paid as part of your 1st monthly installment. This fee will be refundable upon completion of the plan if the following conditions are satisfied:
- There is no penalty for paying off early.
- Non-dealers only
- With pre-approved credit application
- Get pre-approved by filling out a credit application.
- Bid normally and win some lots.
- When you get your electronic invoice, select "other" from the payment options.
Note: This offer may not be available on some items.
Terms and Conditions
Extended Payment Plan for Heritage Owned Inventory Items(excludes Virtual Bourse, Comic Market and Virtual Sports Show)
- Minimum invoice total is $2,000.
- Minimum down payment is 20%.
- There is no penalty for paying off early.
- Non-dealers only
SMS Alerts- Receive a text message approximately 35 lots ahead of your item being up for bidding at auction, with a link to bid in Heritage Live in the text message. Haven't registered? Visit MyProfile to sign-up for free by entering your mobile number. The green icon indicates Live Bidding Text Alerts are on for that lot. Live Bidding Text Alerts are only available for lots in live sessions.
Underrated, Low Mintage Issue
Key to the Late Date Series
Even among specialists, the relative rarity of the later dates in the Saint-Gaudens double eagle series has only recently become clear. When David Akers published his study of double eagles in 1982, he believed coins such as the 1931-D were scarcer than the 1930-S. After reviewing more recent data, Akers reevaluated this position. In his recently published Handbook of 20th Century United States Gold Coins, Akers states: "The 1930-S is by far the rarest of the 1929-1932 issues in this series and, discounting the essentially uncollectable 1933, only the 1927-D is rarer when we consider the entire Saint-Gaudens series."
Q. David Bowers concurs with Akers' assessment, asserting "The 1930-S stands as a highly important rarity, second (and at a distance) only to the 1927-D among rarities in the Type 6 double eagle series, up to 1932." Heritage was privileged to offer another specimen of the 1930-S double eagle in the recent Long Beach Signature Auction (Heritage, 9/2009), lot 1984. In the lot description for that coin, we published the following study:
"Essentially 'rarer than all but the 1927-D' is quite a breathtaking statement for connoisseurs of the series. We could not resist making a comparison:
"--For the 1920-S, 1927-D, 1927-S, 1929, 1930-S, 1931, 1931-D, and 1932, PCGS has certified, in all grades, respectively: 86, 7, 135, 164, 40, 79, 97, and 69 pieces (less duplicates). (9/09).
"--For the 1920-S, 1927-D, 1927-S, 1929, 1930-S, 1931, 1931-D, and 1932, NGC has certified, in all grades, respectively: 82, 5, 124, 129, 19, 40, 48, and 69 pieces (less duplicates). (9/09).
"If we assume that the certified population reflects the total population, and that all of the issues above have the same percentages of duplicates (both reasonable but not necessarily true assumptions, nor yet provably false), then the data certainly appear to support Akers' astonishing assertion. Even if some issues have a higher percentage of duplicates, the differences are compelling."
The 1930-S boasts an original mintage of just 74,000 pieces, the third lowest of the series. The coins were not widely circulated at their date of issue, and all but a tiny portion of the mintage was melted in the Gold Recall of the mid-1930s. In the catalog of the Norweb Collection (Stack's, 11/2006), a remarkable piece of correspondence between Dr. Charles Green and Louis Eliasberg is reproduced. In this document, Green tells of a consultation he had with the assistant director of the Mint in which many Mint records were made available for him to study. Green was able to determine the exact number of double eagles released by the various Mint facilities for many important dates in the 1920s and 1930s. Regarding the 1930-S double eagle, Green states only 3,250 examples of this issue were officially released from the San Francisco Mint before the Gold Recall. Experts estimate a surviving population of just 40-60 specimens today.
The first appearance of a 1930-S double eagle at public auction was in the J.F. Bell Collection (Stack's, 12/1944), lot 991. The coin was described as "Brilliant Uncirculated" and realized $475, a strong price at the time (the 1927-D in that sale only realized $25 more). The same coin was offered in the Dr. Charles Green Collection (Mehl, 4/1949), lot 883. Green was an important numismatic scholar of this period, and he was an early student of the Saint-Gaudens series, as shown by the research alluded to above. The Green catalog is one of the few important sales of U.S. gold coins from this era that was not included in Akers' survey when he published his seminal work. The catalog provides much interesting information for the modern researcher.
In his Complete Encyclopedia of U.S. and Colonial Coins, Walter Breen reported most surviving 1930-S double eagles had been repatriated "from European banks about 1960." Numismatic evidence, particularly the condition of the coins themselves, has cast some doubt on this statement in recent years. Nearly all examples seen are Uncirculated, with most coins grading MS64 and above. A typical example is lustrous, with strong eye appeal and a sharp strike. The coins just seem too nice to be hoard specimens. Garrett and Guth opine, "Those that did survive were likely held by American coin collectors or dealers, and it is almost certain that none were shipped overseas from this Western mint." However, there is strong anecdotal evidence that Breen was correct about at least some of the coins emerging from European holdings. In the catalog of the Lake Michigan and Springdale Collections (American Numismatic Rarities, 6/2006), lot 2787, the following conversation between John Ford (speaking) and Q. David Bowers is recalled:
"I remember that Paul Wittlin, who used to buy gold coins for Jim Kelly in Paris and other places in Europe, got into a major argument with Kelly in 1960, and for a time they stopped doing business together (they later reconciled). Wittlin approached me with four gem 1930-S twenties he had just purchased, and I bought the lot for about $750 apiece. I took them with me to the ANA Convention in Atlanta in 1961, and put one of them in a case. Harvey Stack spotted it, and we made a deal for $1,000, and then I told him I had three more--and he bought them all. Later I met the man in Paris from whom Wittlin had bought them--he was a coin dealer in that city--and I learned that he had charged Wittlin $400 each. So, that is how four of these found their way to America."
It is clear from Ford's reminiscence that at least a few of the 1930-S double eagles were saved from the melting pot by foreign bankers.
The present coin is a magnificent specimen of this sought-after date. The surfaces are radiantly lustrous, with an attractive layer of crimson patina. Handling marks are consistent with the grade. We note a light mark in the left (facing) obverse field at about 9 o'clock, extending from a star to the rays. The strike is impressive, as usually seen on this issue. Exquisite detail shows on all design elements, especially on the eagle's feathers and the pillars of the Capitol. Fabulous eye appeal complements the high technical grade to make this offering a coin to remember.
From The Ralph P. Muller Collection.(Registry values: N10218) (NGC ID# 26GM, PCGS# 9191)
Service and Handling Description: Coins & Currency (view shipping information)
Revised Edition by James L. Halperin, Mark R. Borckardt, Mark Van Winkle, Jon Amato, and Gregory J. Rohan, with special contributor David W. Akers
The Coinage of Augustus Saint-Gaudens is an issue-by-issue examination of these two artistically inspired series of gold coins.
Each date and mintmark is reviewed with up-to-date information, much of which has never been previously published. The book is based on
two extraordinary collections: The Phillip H. Morse collection and the Dr. and Mrs. Steven L. Duckor collection.
Order Now! Just $95